Retail

Starbucks + Firehouse - Kansas City, MO

909 NW 84th Ter Kansas City, Missouri United States 64153-2715
Asking Price
Area Size
NOI Net Operating Income
Cap Rate
Asking Price
Area Size
NOI Net Operating Income
Cap Rate

Documents

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Key facts

Year Built 2020
Building Area Gross
Land Area Gross ()
Occupancy 100.0 %

Property description

Jones Lang LaSalle Americas, Inc (“JLL”) is pleased to offer for sale the fee simple interest in 909-919 NW 84th Terrace: a recently constructed, 2-tenant retail center (the “Property” or “Asset”) located in Kansas City, Missouri. The Property is 100% leased to Starbucks and Firehouse Subs under NN lease structures with an attractive 9-years of primary weighted-average lease term remaining. The Asset is located on the hard corner intersection, adjacent to Chipotle, at the entrance to Twin Creeks – a highly-trafficked shopping center anchored by national tenants Target, Kohl’s and Ross Dress for Less. This offering presents the opportunity to acquire a newly-constructed Starbucks drive-thru location backed by a corporate guaranty and located within the dynamic Kansas City market. 

Investment highlights

  • Brand new Starbucks drive-thru location with a corporate guaranty.
  • Attractive rental escalations - 10% every 5-years for Starbucks and 2% annual bumps for Firehouse Subs.
  • Frontage to over 22,500 vehicles per day on NW Berry Rd and more than 41,800 vehicles per day along Hwy 169.
  • Hard corner outparcel to Twin Creeks, a highly-trafficked retail shopping center anchored by Target, Kohl's, Ulta & Ross.
  • Adjacent to Metro North Crossing, a new 106-acre mixed-use development.
Last Updated Date: 10 Nov 2021

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Last Updated Date: 10 Nov 2021

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